French TV company Canal+ acquires 70% stake in media group SPI International

Kino Polska TV SA

21/09/2021 06:36

PARIS, Sept 21 (Reuters) - French television company Canal+
 VIV.PA  said on Tuesday that it had acquired a 70% stake in
media company SPI International, a global media company
operating 72 TV channels.
    "We have set ourselves the goal of reaching a minimum of 30
million subscribers by 2025, and SPI International will
certainly be a key asset in achieving this ambition,” Canal+ CEO
Maxime Saada said in a statement.
    The financial details behind the transaction were not
disclosed.

 (Reporting by Matthieu Protard; Editing by Sudip Kar-Gupta)
 ((matthieu.protard@thomsonreuters.com; +33-1-80981237;))